Why clogged ports are a silver lining for PPC
The weak rand is expected to give SA’s biggest cement maker a reprieve in the coming year
16 March 2023 - 11:27
UPDATED 16 March 2023 - 22:40
Cement giant PPC says the unabated challenges across SA’s ports and a weaker rand have produced a silver lining for the local industry by slowing down cement imports, giving a reprieve to an industry hungry for the rollout of infrastructure programmes promised by the government.
PPC said oversupply and competition from cement imports, which make up 25%-30% of the total market, were stifled in the 12 months ending March, bringing relief to local players...
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